RICS Sustainability and the Valuation of Commercial Property (Australia)
By Jillian Carney, RICS Oceania Knowledge Delivery & QLD Manager
Following the RICS Sustainability Demystified session on 15 September 2011, which showcased new RICS guidance on how to value sustainability in buildings, we are pleased to announce the release of the RICS Sustainability and the Valuation of Commercial Property, hot off the press, for your information.
This paper aims to expand upon the RICS Valuation Information Paper 13 - (VIP 13) Sustainability and Commercial Property Valuation, detailing some practical issues and steps that are particularly relevant to property markets in Australia.
The purpose of the paper is to provide practical insights for property professionals, valuers, investors, building owners and their advisers when providing, or receiving, professional advice in connection with the valuation of commercial property (offices).
If you would like to receive the 'RICS Sustainability and Valuation of Commercial Property (Australia)' guide, please email info@rics.org.au.
The value of green buildings
RICS is also introducing a new masterclass, which will educate property owners, valuers, agents and asset managers about the value of sustainability in commercial property.
The first session will be launched in Sydney on 2 March.
For valuers, there has historically been a blank page in their valuation reports where issues of sustainability should now be addressed. For building owners, investors and managers, the decision to introduce sustainable technology and practices is primarily about cost and what value such initiatives add to the leasable space and base building. Future proofing of assets and investor and tenant drivers are key factors.
The masterclass will draw upon global RICS guidance and research and use expert analysis, case studies, course guidance notes, group exercises and discussions to illustrate global best practice.
For more information about the event, please visit www.rics.org/oceaniaevents or call T: +61 (0)2 9216 2333.